Wall Street's major indexes fell sharply as Iran's Strait of Hormuz blockade triggered panic selling amid U.S.-Iran conflict escalation, with semiconductor stocks plunging 4.58% on concerns over Asian manufacturing disruptions despite Trump's naval escort announcement to stabilize oil prices.
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Wall Street Slides as Hormuz Blockade Fallout Deepens
Wall Street's major indexes fell sharply as Iran's Strait of Hormuz blockade triggered panic selling amid U.S.-Iran conflict escalation, with semiconductor stocks plunging 4.58% on concerns over Asian manufacturing disruptions despite Trump's naval escort announcement to stabilize oil prices.